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Microsoft lost $357 billion in market cap as stock plunged most since 2020
Microsoft’s stock fell 11% after reporting slower cloud growth and higher AI capital expenditures, causing a broad software sector selloff that impacted major U.S. indexes.
- On Thursday, Microsoft shares plunged about 10%, its steepest one‑day drop since March 2020, wiping $357 billion from its market value after the earnings release.
- Investors focused on Microsoft’s cloud growth and spending, noting capital expenditures of $37.5 billion and softer‑than‑expected margin guidance that drew scrutiny.
- Microsoft reported $81.3 billion in revenue and $4.14 in non‑GAAP EPS, with Azure growing 39% and non‑GAAP margins at 80.5%, while executives discussed GPU/data‑center allocation on the earnings call Wednesday.
- The selloff pulled major tech benchmarks lower as Microsoft’s plunge helped drag the Nasdaq Composite index down about 0.7%, while the iShares Expanded Tech‑Software ETF and software sector funds sank sharply.
- This earnings season, investors are reassessing AI’s impact on software as market participants say AI poses a long‑term threat, sparking a broader selloff Thursday.
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New York, USA.- Microsoft's shares fell by about 10% this Thursday after a performance report that disappointed some investors, being the company's worst stock market session since March 2020, said El Norte. This drop reduced the market capitalization of the technology company by 357 billion dollars, placing it at 3.22 billion at the end of the day. Dragged by Microsoft, the overall market index (S&P 500) fell by 0.1%, while the Nasdaq Composite…
Coverage Details
Total News Sources113
Leaning Left20Leaning Right11Center30Last UpdatedBias Distribution49% Center
Bias Distribution
- 49% of the sources are Center
49% Center
L 33%
C 49%
R 18%
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